Edge, you phuckface, privatization would have been THE smartest thing that Bush could have done if anyone expects SS to stay alive. It was the #1 thing that pissed me off about him. He finally was onto the right thing to do, not the politically expedient thing to do.
You do realize that it's dead in less than 50 years unless there's reform, right?
I'll keep it simple, we're going to be down to 2 payers to 1 payee in 2030 (at the latest) and it won't be enough to pay out current levels' living.
Forget it, go read:
http://www.essays.cc/free_essays/b2/iev189.shtmlI'm through with you if you think privatization is a bad idea because the market shrinks. Nice short term thinking there, dipshyit.
It's short-term fools like you that lose money in the market. Long-term investors NEVER have lost money - EVER! (6.2 returns versus the pathetic 2.2 on long-term bonds which is what social security invests in). I'm making money off of idiots like you right now.
Trust me, try as you might, you're going to lose this argument. I was trained in investments and risk and you weren't.
The fact that you and your ilk fought so hard against this showed the knowledgable among us : traders, actuaries, financial planners just how ignorant the Democrat Party is. Dangerously ignorant.